[et_pb_section fb_built=”1″ admin_label=”section” _builder_version=”3.0.47″][et_pb_row custom_padding=”36px|0px|0px|0px” admin_label=”row” _builder_version=”3.0.49″ background_size=”initial” background_position=”top_left” background_repeat=”repeat”][et_pb_column type=”4_4″ _builder_version=”3.0.47″ parallax=”off” parallax_method=”on”][et_pb_blurb admin_label=”Blurb” _builder_version=”3.0.49″ header_font_size=”20px”]
Indonesia has the largest economy in ASEAN,
and its economy has developed significantly for ten years in a row
[/et_pb_blurb][/et_pb_column][/et_pb_row][et_pb_row custom_padding=”13px|0px|0px|0px” admin_label=”Row” _builder_version=”3.0.47″ background_size=”initial” background_position=”top_left” background_repeat=”repeat”][et_pb_column type=”1_2″ _builder_version=”3.0.47″ parallax=”off” parallax_method=”on”][et_pb_text admin_label=”Text” _builder_version=”3.0.49″]
- The overall GDP in 2022 was 1.04 trillion US dollars. Many of Indonesia’s commodity exports are experiencing high pricing.
- A substantial middle-class group of approximately 88 million individuals is predicted to grow to 140 million by 2030.
[/et_pb_text][/et_pb_column][et_pb_column type=”1_2″ _builder_version=”3.0.47″ parallax=”off” parallax_method=”on”][et_pb_text admin_label=”Text” _builder_version=”3.0.49″ custom_margin=”||53px|”]
- Rapid GDP expansion. 5.3% real GDP growth in 2021-2022.
- E7 (one of the world’s key developing markets) is anticipated to become the world’s sixth largest economy by 2030.
[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row custom_padding=”0px|0px|36px|0px” admin_label=”Row” _builder_version=”3.0.47″ background_size=”initial” background_position=”top_left” background_repeat=”repeat”][et_pb_column type=”4_4″ _builder_version=”3.0.47″ parallax=”off” parallax_method=”on”][et_pb_blurb admin_label=”Blurb” _builder_version=”3.0.49″]
Indonesia’s Fourth Most Populus Country
[/et_pb_blurb][/et_pb_column][/et_pb_row][et_pb_row custom_padding=”0px|0px|36px|0px” admin_label=”Row” _builder_version=”3.0.47″ background_size=”initial” background_position=”top_left” background_repeat=”repeat”][et_pb_column type=”1_4″ _builder_version=”3.0.47″ parallax=”off” parallax_method=”on”][et_pb_blurb image=”http://iite.co.id/wp-content/uploads/2019/11/photo-1.png” admin_label=”Blurb” _builder_version=”3.0.49″]
[/et_pb_blurb][et_pb_text admin_label=”Text” _builder_version=”3.0.49″]
There are 275 million people in the country.
[/et_pb_text][/et_pb_column][et_pb_column type=”1_4″ _builder_version=”3.0.47″ parallax=”off” parallax_method=”on”][et_pb_blurb image=”http://iite.co.id/wp-content/uploads/2019/11/photo-2.png” admin_label=”Blurb” _builder_version=”3.0.49″]
[/et_pb_blurb][et_pb_text admin_label=”Text” _builder_version=”3.0.49″]
The population was younger, with a median age of 29.3 years.
[/et_pb_text][/et_pb_column][et_pb_column type=”1_4″ _builder_version=”3.0.47″ parallax=”off” parallax_method=”on”][et_pb_blurb image=”http://iite.co.id/wp-content/uploads/2019/11/photo-3.png” admin_label=”Blurb” _builder_version=”3.0.49″]
[/et_pb_blurb][et_pb_text admin_label=”Text” _builder_version=”3.0.49″]
The number of children under 14 is 70 million.
[/et_pb_text][/et_pb_column][et_pb_column type=”1_4″ _builder_version=”3.0.47″ parallax=”off” parallax_method=”on”][et_pb_blurb image=”http://iite.co.id/wp-content/uploads/2019/11/photo-4.png” admin_label=”Blurb” _builder_version=”3.0.49″]
[/et_pb_blurb][et_pb_text admin_label=”Text” _builder_version=”3.0.49″]
Newborn infant about 25.4 million people a year.
[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row admin_label=”Row” _builder_version=”3.0.47″ background_size=”initial” background_position=”top_left” background_repeat=”repeat”][et_pb_column type=”4_4″ _builder_version=”3.0.47″ parallax=”off” parallax_method=”on”][et_pb_image src=”http://iite.co.id/wp-content/uploads/2019/11/divider-1.png” admin_label=”divider” _builder_version=”3.0.49″][/et_pb_image][/et_pb_column][/et_pb_row][et_pb_row admin_label=”Row” _builder_version=”3.0.47″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” custom_padding=”24px|0px|24px|0px”][et_pb_column type=”4_4″ _builder_version=”3.0.47″ parallax=”off” parallax_method=”on”][et_pb_blurb admin_label=”Blurb” _builder_version=”3.0.49″]
Indonesia’s per capita income and consumption expenditure are growing
[/et_pb_blurb][et_pb_image src=”http://iite.co.id/wp-content/uploads/2019/11/nrochure-content.png” admin_label=”Image” _builder_version=”3.0.49″ custom_margin=”30px|||”]
[/et_pb_image][et_pb_text _builder_version=”3.0.49″]
Indonesia’s per capita income and consumption expenditures are growing.
As of 2023, Indonesia has experienced significant economic developments in terms of per capita income and consumer spending:
- Per Capita Income: Indonesia’s GDP per capita in 2023 stands at $4,788. This figure is indicative of the average economic output per person and reflects the country’s economic status in the global context.
- Consumer Spending Growth: Consumer spending in Indonesia has been on an upward trajectory. In 2022, there was a strong growth of 4.8%, which slightly moderated to 4.7% in 2023. This growth in consumer spending is attributed to increased consumer confidence and overall economic improvements. Specifically, real household spending in Indonesia was projected to increase by 7.6% throughout 2022, reaching a total value of 9.9 trillion IDR (approximately 692 billion USD). In the second quarter of 2023, consumer spending in Indonesia rose to 1,631,019.80 IDR billion, up from 1,582,219.30 IDR billion in the first quarter of the same year.
These figures reflect Indonesia’s growing economy and the increasing purchasing power of its population. The rise in per capita income alongside growing consumer expenditure suggests an overall improvement in the standard of living and economic well-being of the Indonesian population.
[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]
